City
Epaper

Inflation in China soared 2.8% in July

By IANS | Updated: August 9, 2019 10:35 IST

China's consumer price index, the main indicator of inflation, increased 2.8 per cent year-on-year in July, 0.1 per cent more than the two previous months, marking the highest rate so far this year, official figures showed on Friday.

Open in App

As in the case of June, the increase was driven by food prices, which rose 9.1 per cent, the National Bureau of Statistics figures revealed.

In this section, prices of fresh fruits registered an increase of 39.1 per cent year-on-year (although it was 6.2 per cent lower than in the previous month), while the price of pork - which has a high demand in China - increased by 27 per cent (7.8 per cent more than June) and the cost of eggs rose 10.9 per cent, reports Efe news.

The increase in non-food prices was 1.3 per cent, 0.1 per cent less than the previous month.

Prices in the services, health and education, and culture and entertainment sectors increased by 3.4 per cent, 2.6 per cent and 2.3 per cent, respectively.

In the healthcare sector, traditional Chinese medicine recorded a rise of 4.7 per cent, compared to 4.5 per cent witnessed by so-called "Western medicine".

Clothing prices increased by 1.8 per cent year-on-year, housing by 1.5 per cent, and real estate and property services by 0.8 per cent.

On the other hand, prices in transport and communications fell by 2.1 per cent year-on-year, with fuel accounting for a major part of it as its prices fell 9 per cent.

The overall inflation for the first seven months of the year was 2.3 per cent year-on-year.

( With inputs from IANS )

Open in App

Related Stories

Other SportsGermany's Wellbrock rediscovers joy with historic gold haul at World Aquatics C'ships

NagpurJain grabs snooker crown

NagpurVAA seminar on 'Sports as a career' on July 26

TechnologyStudy finds that agricultural dust can put gut health at risk

HealthStudy finds that agricultural dust can put gut health at risk

International Realted Stories

InternationalNetanyahu treated for dehydration after eating spoiled food

InternationalNational plan for dealing with wreckage from Iranian attacks approved

InternationalMillions allocated for building solar energy roofing on public sports fields

InternationalPakistan: 9 killed, 60 injured in two road accidents in Sind ccidents in Sindh

InternationalNine terrorists killed in joint operation in North Western Pakistan